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Search Results 0 to 11 of about 12 (some duplicates have been removed)
this. every two years we jockey for the next election. we never make long, hard term decisions. the big deal they're talking about cutting spending over the next ten years still adds $6 trillion to the debt so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that, we're just going to talk to each other and run america into the ground. >> let me ask you about the so-called mcconnell/reid plan, which is not, as i understand it, completely put together yet. but it would allow the president to to raise the debt ceiling in three increments between now and the end of next year, perhaps with some spending cuts attached. as a last resort, would you vote for that in order to avoid the -- >> i'm sticking with the -- i don't have any confidence that anything that republican or democratic leaders is going to lead to the solutions that we need. it never has in the past. i'm looking for a win/win. i'm looking for a way to raise the debt ceiling and we need to, but we need to address fundamentally what got us into debt. cut, cap, and balance gets
an agreement here that i hope they will consider supporting. >> and the next big area is the debt committee, as you call it, and the question is how do they guarantee absolutely that you get the kind of deficit reduction you are looking for, because we have had, with all due respect, committees in the past and they have not done so well, one very recently, and how do you hold fair feet to the fire? there is talk of triggers to make sure if they do not do their work congress will be forced to cut. >> first of all, we have not had anything like this. this is a joint committee of congress. it's not a commission that consists of outsiders. it's a joint committee of congress with an equal number of republicans and democrats, under enormous pressure from the american people, from the markets, foreign countries looking at us to see if we're going to get our house in order, to come up with significant additional savings over and above the initial ones that we will approve before the end of this year, and entitlement reform is absolutely critical. for example, the -- the trustees of the medicare and
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of spending would go into effect. >> including entitle ms. the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator from maryland is speaking right now. we just heard from the senate majority leader, harry reid, who told us that he believes they are close to an agreement, which is something that senate mitch mcconnell told us earlier today. i'd like to play for you now, while we're waiting to hear from senator mitch mcconnell on the senate floor, something gene sperling, the director of the national economic council, told me. he said that tax cuts are not on the table for about a year and a half. let's take a listen. thanks for being with us this morning. >> thanks for hav
the big one. that's it for "reliable sources." i'm howard kurtz. join us sunlds morning 11:00 a.m. eastern for another critical look at the media. "state of the union" with candy crowley begins right now. >>> it's hard to find common ground when nobody budges. today, meetings without movement. the administration's take from treasury secretary tim geithner. >> it's unthinkable that this country will not meet its obligations on time. it's just unthinkable we'd ever do that. >> the leadership view from house republican tom price. then senior democratic senator dianne feinstein. and presidential politics with governor tim pawlenty in iowa, doing what it takes. >> t-paw! >> he's the president. come on out to the lawn of the white house with a microphone and tell us your plan on entitlement reform. and he won't do it because he doesn't have the courage to do it. >> i'm candy crowley. and this is "state of the union." >> late into the night, leaders scrambled for a last-minute debt deal, a two-step plan that would raise the debt ceiling through 2011 in exchange for about a trillion dollars in spe
Search Results 0 to 11 of about 12 (some duplicates have been removed)